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March 2018 Germantown Rent Report

Welcome to the March 2018 Germantown Rent Report. Germantown rents remained steady over the past month. In this report, we'll evaluate trends in the Germantown rental market, including comparisons to cities throughout the metro, state, and nation.

March 2018 Germantown Rent Report

Welcome to the March 2018 Germantown Rent Report. Germantown rents remained steady over the past month. In this report, we'll evaluate trends in the Germantown rental market, including comparisons to cities throughout the metro, state, and nation.

Germantown rents held steady over the past month

Germantown rents have remained flat over the past month, however, they are up slightly by 1.6% year-over-year. Currently, median rents in Germantown stand at $1,630 for a one-bedroom apartment and $1,890 for a two-bedroom. Germantown's year-over-year rent growth leads the state average of 0.9%, but trails the national average of 2.3%.

Rent trends vary across the DC Metro

While rents prices have increased in Germantown over the past year, trends across the rest of the metro have varied. Of the largest 10 cities that we have data for in the DC metro, some have seen decreases while other cities have rents increasing. Here's a look at how rents compare across some of the largest cities in the metro.

Bethesda has the most expensive rents in the DC metro, with a two-bedroom median of $2,370; however, the city has also seen rents fall by 1.1% over the past year, the biggest drop in the metro.

Frederick has the least expensive rents in the DC metro, with a two-bedroom median of $1,480; additionally, the city has seen rent growth of 1.6% over the past month, the fastest in the metro.

Many large cities nationwide show more affordable rents compared to Germantown

As rents have increased slightly in Germantown, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Germantown is less affordable for renters.

While Maryland as a whole logged rent growth of 0.9% over the past year, other cities across the state have seen rents decline slightly. For example, rents have grown by 0.3% in Baltimore.

Germantown's median two-bedroom rent of $1,890 is above the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 1.6% rise in Germantown.

Renters will generally find more expensive prices in Germantown than most large cities. For example, Philadelphia has a median 2BR rent of $1,160, where Germantown is more than one-and-a-half times that price.

For more information check out our
national report.
You can also access our full data for cities and counties across the U.S. at
this link.

City

Median 1BR price

Median 2BR price

M/M price change

Y/Y price change

Washington, DC

$1,310

$1,510

0.1%

-0.1%

Arlington

$1,720

$1,980

0.3%

-0.1%

Alexandria

$1,540

$1,780

0.0%

-0.2%

Germantown

$1,630

$1,890

0.0%

1.6%

Silver Spring

$1,500

$1,730

0.1%

0.9%

Centreville

$1,600

$1,840

1.2%

0.3%

Waldorf

$1,710

$1,980

-3.2%

6.2%

Frederick

$1,280

$1,480

1.6%

3.1%

Rockville

$1,670

$1,930

0.9%

-0.8%

Bethesda

$2,050

$2,370

-0.4%

-1.1%

Gaithersburg

$1,470

$1,700

-0.2%

0.1%

Reston

$1,620

$1,870

0.1%

0.6%

Bowie

$2,020

$2,330

-1.3%

-5.2%

Ashburn

$1,870

$2,160

0.4%

5.7%

Leesburg

$1,680

$1,940

-1.1%

2.2%

Manassas

$1,460

$1,690

0.5%

3.6%

Oakton

$1,890

$2,180

1.2%

6.7%

Montgomery Village

$1,560

$1,800

-0.1%

3.4%

College Park

$1,520

$1,750

-1.3%

1.4%

Suitland

$1,290

$1,490

0.4%

1.6%

Laurel

$1,310

$1,550

-0.5%

-1.7%

Fredericksburg

$1,400

$1,620

0.1%

0.9%

Herndon

$1,900

$2,190

0.2%

1.5%

Greenbelt

$1,370

$1,590

-0.4%

Fairfax

$1,810

$2,090

-0.2%

1.6%

Hyattsville

$1,270

$1,470

-0.3%

2.1%

Falls Church

$1,440

$1,660

-1.3%

0.4%

Gainesville

$2,030

$2,350

-0.8%

2.8%

See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.